South Korea’s January inflation decelerates mainly due to tobacco
Feb 02, 2016 04:40 am UTC| Commentary Economy
South Koreas inflation in January was 0.8% y/y, as compared with Decembers 1.3% and lower than Barclays forecast of 1% and consensus expectations of 1.1%. The slowdown in headline inflation was mainly due to tobacco, as...
Asian stocks in red, RBA decision in focus
Feb 02, 2016 03:13 am UTC| Commentary
Most Asian stocks fell on Tuesday after global markets had a largely weak session overnight. Moreover RBA rate decision is the main event in early Asian hours. Japans benchmark Nikkei 225 index slipped 0.16% to...
AUD stable ahead of RBA but still wary of CNY
Feb 02, 2016 03:12 am UTC| Commentary
AUD has been firm ahead of the Reserve Bank of Australias (RBA) meeting today. The RBA is not expected to join the Bank of Japan (BOJ) in easing monetary policy. But thats not the reason why AUD/USD closed above 0.71 on...
India's PMIs recover ahead of today’s RBI policy review
Feb 02, 2016 02:49 am UTC| Commentary
Bank of Japans surprise decision to cut deposit rates to negative and US Feds pause has provided some relief to risk sentiments this week. The RBI is likely to predominantly factor in domestic developments today, as...
Singapore's PMIs for January will add more pain
Feb 02, 2016 02:28 am UTC| Commentary
Singapores PMIs for January will add more salt to wound. The headline is likely to remain below the crucial 50 level, which shows that the manufacturing sector is still in contraction mode. This will be the seventh...
BOK rate-cut expectations premature
Feb 02, 2016 02:12 am UTC| Commentary Central Banks
The market expectations for BOK rate cuts have increased after the Bank of Japan introduced negative rates last Friday. The spread between the 1Y KRW IRS and its benchmark has widened notably to -15bps on 1st Feb from...
Global Gold demand likely to rise in 2016
Feb 02, 2016 00:24 am UTC| Commentary
According to GFMS Thomson Reuters Gold Survey, gold prices are likely to rise above $1,200 per troy ounce in 2016, primarily on the back of higher demand from Asian countries. GFMS expects demand for gold in India to grow...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.